A new analysis report on the global blister packaging market, which is forecasted between 2021 and 2028, has been published by Knowledge Sourcing Intelligence.
The blister pack industry is expanding due to consumer desire for appealing and practical packaging options. The market for blister packs will rise in part due to manufacturers’ growing emphasis on developing creative packaging solutions and on shrinking the size of their packaging. The packaging industry’s development and expansion, together with the increasing use of robotic blister packing gear, will all contribute to the market value of blister packs rising. Other drivers that will support the blister pack market growth rate include the development and growth of the pharmaceutical and consumer goods industries, particularly in developing nations, and rising levels of personal disposable income.
As per the report, the global blister packaging market is expected to grow at a CAGR of 5.13% during the forecast period to reach a market size of US$14.496 billion in 2028, from US$10.214 billion in 2021.
Plastic that has been pre-formed and utilized for packaging purposes is known as blister packaging. The formable web in blister packs is created using thermoformed plastic. These moldable webs are utilized to create pockets or holes inside the blister packs. The uses for blister packing are numerous. Blister packing is a common method used by producers to provide their consumers transparency—they can see how the product is actually packed. Paperboard, aluminum foil, or plastic make up the backing of blister packs. Blister packing is used to package broken tablets, capsules, and other medicinal products. Additionally, blister packs are used to package contact lenses with a predetermined quantity of saline solution and are heat-sealed around the outside of the contact lens compartment. The product is shielded from moisture and contamination by blister packs. Blister packaging comes in a variety of formats, depending on the specific packaging requirements. Freshness, a wide variety of packing materials, diversity in design, visibility, security, and customization are just a few benefits of using blister packaging. Growing customer preference for blister packs over conventional bottles for unit dosage packaging in healthcare is responsible for this market expansion. Pre-formed cavities also eliminate the requirement for additional protective packaging materials and cut down on wasteful material consumption for blister packaging producers and manufacturers.
The market is witnessing multiple collaborations and technological advancements, for instance, SÜDPACK Medica presented “PharmaGuard,” a novel blister idea for solid applications, at the Pharma trade exhibition and convention in Geneva in June 2023. Outstanding material qualities define this recyclable packaging idea for the pharmaceutical sector, which may be used as a foundation to enhance their eco-balance. PharmaGuard raises the bar. The top and bottom webs made of PP are produced using a special coextrusion technique and can be assigned to the current material streams as a full mono-material solution. In addition, this solution maintains good yields while saving a significant amount of resources due to the low density of PP. It also delivers exceptional material efficiency.
Based on type the global blister packaging market is divided into compartments, slides, and wallets. Among these, the compartment segment emerged as a prominent segment fueling market growth and is poised to dominate over the forecast period. The market expansion for compartment blister packaging is ascribed to its advantages, which include increased protection, adaptability, and aesthetically pleasing packaging. Compartment packaging is very adaptable and may be produced in the size and form that is needed. Additionally, by customizing the packaging with images and logos, these packaging options may be made to stand out from the competition and help customers distinguish their products.
Based on material the global blister packaging market is divided into PVC, PVDC, PP, and others. Among these, the PVS sector had the major market share. The PVC segment is anticipated to expand significantly over the forecast period. The healthcare sector’s expansion, the emergence of e-commerce and home delivery services, the need for convenience and portability, technological developments in blister packaging, and the expansion of developing nations have all contributed to the PVC blister packaging market’s recent steady expansion.
Based on technology the global blister packaging market is divided into cold-form and thermoformed. Thermoforming has the most market share in the blister packaging industry worldwide because of its numerous applications in the end-use sectors, including food and healthcare. In addition, the thermoforming process requires less expensive starting tools and equipment than cold forming and hence is widely used driving market growth.
Based on end-user the global blister packaging market is divided into consumer goods, food and pharmaceuticals. Among these, the pharmaceutical sector led the market share and is likely to grow significantly over the forecast period. This is explained by the fact that it is being used more frequently in the packaging of different medical items, including medical gadgets, over-the-counter medications, and prescription pharmaceuticals. Blister packs provide unit dosages of prescription medications with product protection, tamper-evident features, and convenience. The burgeoning trend of smart blister packaging is also propelling the blister packaging market expansion in the healthcare industry.
Based on Geography the Asia Pacific held the major market share and is likely to dominate over the forecast period. Product demands from the personal care, electronics, and healthcare sectors for items like mobile charging cables, testers, generic medications, and liquid cosmetics are driving the growth of the blister packaging market in Asia Pacific. Pharmaceutical firms are under additional pressure to provide more medications so that patients can access them due to the growing emphasis on population health management and the emergence of new ailments in the region. Due to its sizable consumer goods and pharmaceutical sectors, China held one of the biggest market shares in the Asia Pacific region. The demand for the consumer goods and pharmaceutical sectors has surged due to the expanding population and disposable income of consumers.
As a part of the report, the major players operating in the global blister packaging market, that have been covered are Amcor Limited, Sonoco Products Company, WestRock, Honeywell International LLC, Tekni-Plex Inc., Dow Chemical Company, Klöckner Pentaplast Group, Constantia Flexibles, Mister Blister, VisiPak, Ecobliss Holding BV, Catty Corporation, perlen packaging, and more.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-blister-packaging-market
The market analytics report segments the global blister packaging market on the following basis:
- BY TYPE
- BY MATERIAL
- BY TECHNOLOGY
- BY END-USER INDUSTRY
- Consumer Goods
- BY GEOGRAPHY
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America